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Jan 22, 2013
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a vote coming up about the debt ceiling. in other words, they want to raise the debt cerealing ingce. they say that democrats are going to have to in the senate pass a budget or they won't get paid. it's part of the vote coming up. senate democrats being pressured to deal with the budget in a comprehensive way and not two months at a time although this measure they are voting on for the debt ceiling raising the debt ceiling would really only last until spring. still sort of a piecemeal approach while both sides say they want to do more comprehensive approach similar to what the president laid out but haven't worked out details. >> we'll find out if pressuring their pocketbooks will help out here. the question for you here, why is the vote set for tomorrow and what group do you see most under pressure? >> reporter: they need to deal with this quickly. the treasury department said unless we borrow more money come mid february we won't be able to pay bills. the house has to vote on it. senate has to vote on it. work out kinks a
a vote coming up about the debt ceiling. in other words, they want to raise the debt cerealing ingce. they say that democrats are going to have to in the senate pass a budget or they won't get paid. it's part of the vote coming up. senate democrats being pressured to deal with the budget in a comprehensive way and not two months at a time although this measure they are voting on for the debt ceiling raising the debt ceiling would really only last until spring. still sort of a piecemeal approach...
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Jan 22, 2013
01/13
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so is the gop about to cave on a debt ceiling deal? we may know a lot more soon. there's a plan floating around washington, stop lawmakers pay if there's no solution on the debt ceiling by the deadline day. >>> and this guy, he's teed off, the golfer phil michakelson tee off over his taxes. and he's not going to take it anymore, or is he? sue herera is live at the new york stock exchange. >> earnings are front and center with j & j, dupont, travelers all out with results. more on them in a few minutes. let's get you ahead of the curve. google is getting ready to report its latest results after the bell. fears about an ad revenue and major focus on those shares. google right now is down 3 bucks on the trading session. john is in silicon valley with what investor s need to know ahead of the numbers. >> couple of important themes this quarter, mobile and mobile. mobile's impacted on the core business. as more people do searches from mobile devices, google's revenue has been coming down. it's more than likely this trend will continue as smartphone and tablet sales spi
so is the gop about to cave on a debt ceiling deal? we may know a lot more soon. there's a plan floating around washington, stop lawmakers pay if there's no solution on the debt ceiling by the deadline day. >>> and this guy, he's teed off, the golfer phil michakelson tee off over his taxes. and he's not going to take it anymore, or is he? sue herera is live at the new york stock exchange. >> earnings are front and center with j & j, dupont, travelers all out with results....
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Jan 22, 2013
01/13
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they are teeing off this new debt ceiling bill. john boehner will be housing a meeting with key republican leaders at 5:00 p.m. eastern time. >> reporter: >> that's coming up and john harwood is here with a preview before that meeting. >> reporter: interesting to see how john boehner describes it, but there are some signs that the whole debt ceiling threat as a source of instability for markets and the economy may be melting away before our eyes. house republicans are going to take up a bill tomorrow afternoon to extend the debt ceiling, not just to april 15, but to may 18. they are going to do it with a mechanism that would allow them in effect to suspend the debt ceiling, not even to raise it making it easier for conservatives to vote for it and senate democrats say they plan to take up that proposal and expect to pass it by an overwhelming margin sometime within the next week or so. now, jay carney at the white house today for his part said we wouldn't a longer term extension than that but the president is not going to block thi
they are teeing off this new debt ceiling bill. john boehner will be housing a meeting with key republican leaders at 5:00 p.m. eastern time. >> reporter: >> that's coming up and john harwood is here with a preview before that meeting. >> reporter: interesting to see how john boehner describes it, but there are some signs that the whole debt ceiling threat as a source of instability for markets and the economy may be melting away before our eyes. house republicans are going to...
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Jan 22, 2013
01/13
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call it debt ceiling spackle. why the newest development in the debt talks is much to do about nada. don't worry, everything's fine. one analyst who says don't bail on boeing just yet, tand why por phil mickelson is ready to pack his bags and get out of dodge. also a change is coming into your atm. >>> there are no big moves in the markets, but the dow touched its highest intraday level in over five years. it is on its best monthly gain since january of 2011, and part of this move is being fueled by historic highs for the dow transports for the fifth straight session. let's get straight down to courtney reagan on the floor of the nnysc. >> we are seeing the dow outperform, making it the fifth way that the transport also hit the historic highs. we have seen this pattern of the transports outperforming the industrials since the middle of december. airlines gained the most, up about 28% since the november 16th low. but if we look at stocks overall, you mentioned t not a super exciting day from the onset. we moved in
call it debt ceiling spackle. why the newest development in the debt talks is much to do about nada. don't worry, everything's fine. one analyst who says don't bail on boeing just yet, tand why por phil mickelson is ready to pack his bags and get out of dodge. also a change is coming into your atm. >>> there are no big moves in the markets, but the dow touched its highest intraday level in over five years. it is on its best monthly gain since january of 2011, and part of this move is...
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Jan 22, 2013
01/13
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. >> reporter: republicans are offering a compromise on the debt ceiling, house g.o.p. members are backing off a requirement to cut $1 of spending for every dollar the debt ceiling is raised. it's a move the president has demanded. >> i do believe it is a recognition of political reality. we realize the president won the election. >> reporter: republicans on capitol hill are not voting to raise the debt ceiling without getting something in return. they say in order to approve a higher debt limit, they want senate democrats to do something they have not done in four years, pass a budget. >> for us to have a debate about spending and debt, we've got to have the focus be on a budget and what we're going to do to achieve a balanced budget over time. >> reporter: senate democrats view a budget vote as an opportunity to raise more money through taxes. >> it's going to be a great opportunity. in our budget that we will pass we'll have tax reform, which many colleagues like but it will include revenues. >> reporter: the house is expected to approve the debt limit increase tomor
. >> reporter: republicans are offering a compromise on the debt ceiling, house g.o.p. members are backing off a requirement to cut $1 of spending for every dollar the debt ceiling is raised. it's a move the president has demanded. >> i do believe it is a recognition of political reality. we realize the president won the election. >> reporter: republicans on capitol hill are not voting to raise the debt ceiling without getting something in return. they say in order to approve...
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Jan 22, 2013
01/13
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there's a vote scheduled in the house tomorrow that would allow us to raise the debt ceiling. republicans said they didn't want to do that without cutting back spending. the president didn't want the two linked and republicans apparently have relinquished that threat and pushed for the raising the debt ceiling temporarily into the spring to pay bills. they also say if either chamber doesn't come up with a permanent budget, that chamber, either the house or senate, the lawmakers won't get paid. we'll see how that vote goes later today. the president laid out a number of things including climate change, gay rights, health care immigration, and it remains to be seen how much of that they will be able to tackle in the second term. >> he better eat his wheaties. time to get done. thank you very much. >>> happening now, fire crews are battling to contain a fire at beale air force base about 50 miles north of sacramento. the fire has been burning for hours. this is what it looked like just last night. firefighters say they now have the fire about 75% contained. it broke out about 2:3
there's a vote scheduled in the house tomorrow that would allow us to raise the debt ceiling. republicans said they didn't want to do that without cutting back spending. the president didn't want the two linked and republicans apparently have relinquished that threat and pushed for the raising the debt ceiling temporarily into the spring to pay bills. they also say if either chamber doesn't come up with a permanent budget, that chamber, either the house or senate, the lawmakers won't get paid....